Europe Should Dump Anti-Dumping

In the absence of international competition regulations to prevent predatory pricing and other anti-competitive activities, the EU has come to rely heavily on anti-dumping duties. But "leveling the playing field" in international trade is inherently impossible, and attempts to do so often reflect fear of competition itself.

Stockholm – Defending Europe’s economy against unfair international trade practices has long been a key element of the European Union’s external policies. It is almost an instinct among some politicians and business leaders that if competition is deemed unfair, the European Commission should marshal new trade defenses. But what are Europeans defending against, and what are “unfair” trade practices anyway?

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